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Nov 17, 2012
11/12
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that doesn't mean we have a deal at hand to end the so-called fiscal cliff. it is big. and it affects every one of us. >> we have some urgent business to do. >> reporter: after that big white house meeting, did it feel like someone took their foot off the gas pedal as we head toward a steep cliff? >> we had a constructive meeting with the president. >> it was a constructive meeting. >> reporter: sounds like some progress. and we need some because this is what happens january 1st if the president and congress don't make a deal. first, those so-called bush tax cuts will expire. which in essence means, a tax increase for every taxpayer. oh, and that 2% cut in the payroll taxes we've had to pay for the past two year, will also go away. and the number of small tax cuts for businesses and individuals, disappear. as well as unemployment benefits for the long-term unemployed. now, if that wasn't enough, there's that poison pill, too. mandatory cuts. $55 billion at the pentagon. another $55 billion in domestic programs. everything from the education department to the parks servi
that doesn't mean we have a deal at hand to end the so-called fiscal cliff. it is big. and it affects every one of us. >> we have some urgent business to do. >> reporter: after that big white house meeting, did it feel like someone took their foot off the gas pedal as we head toward a steep cliff? >> we had a constructive meeting with the president. >> it was a constructive meeting. >> reporter: sounds like some progress. and we need some because this is what...
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Dec 31, 2012
12/12
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WJLA
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eye 231
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as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i placed a call to the vice president to see if he could help jump start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: with that, vice president biden is now impemers as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want
as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a...
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Dec 29, 2012
12/12
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WMAR
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cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and as washington's still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> the parties are trying to outdo each other. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: now, senate leaders say they hope to have a plan they can bring to the senate tomorrow. and by tomorrow night, the house is back in session. they could take up any plan that the senate passes. but no one here is holding their breath. >> no one is, indeed. >>> for more on the big white house meeting, we want to bring in john avlon, political columnist at "the daily beast." a busy man covering all of this. how do you see this playing out? >> we're three days out. the good news is, nothing focuses than the prospect of being hanged. people in washington realize
cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and as washington's still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> the parties are trying to outdo each other. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >>...
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Dec 10, 2012
12/12
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KGO
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. >>> we turn now to the fiscal cliff. just 22 days before everyone's taxes go up, every government program is cut. there's a bit of hope that a deal to avoid the consequences could be coming, sparked by the first meeting in weeks between the president and john boehner. jake, what do we know about the meeting? >> reporter: they spoke on the phone on friday and set up a meeting for yesterday. speaker boehner did come here. and though i don't think there's any reason to believe we're really close to a deal, progress has been made, though one side of the talks staaid that that progress is fragile. >> we're getting close to the point, really, by tend of the week, if they're not a lot closer, it might be too hard to do by the end of the year. >> there could be a quick fix solution. republicans agree to keep the tax cuts in place for the 98% of the country. avoid tax cuts for a few month, go take winter break. that would not be a long-term solution but would avert the fiscal cliff. >> hillary clinton's future, talking about her
. >>> we turn now to the fiscal cliff. just 22 days before everyone's taxes go up, every government program is cut. there's a bit of hope that a deal to avoid the consequences could be coming, sparked by the first meeting in weeks between the president and john boehner. jake, what do we know about the meeting? >> reporter: they spoke on the phone on friday and set up a meeting for yesterday. speaker boehner did come here. and though i don't think there's any reason to believe...
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cliff at year's end. it would raise the eligibility for medicare lower. but the plan would keep all bush-era tax cuts in place, including those for the wealthy. the president says that is a deal-breaker. >>> and the editor in chief at "vogue" magazine could become a top debit. bloomberg reporting that president obama may nominate anna wintour, as the next ambassador to either britain or france. she was among the president's top campaign fund-raisers. >>> and this morning, a powerful teachers union is trying to raise the bar for teachers, calling for a tough, certification test, not unlike the bar exam for lawyers. the federation of teachers want to maintain a 3.0 grade point average and have ten hours of field experience. sound like good ideas. >>> the flu season has arrived already. the earliest in nearly a decade. officials are warning the primary strain making the rounds right now is more severe than others, especially for the elderly. >>> finally, a reminder. never a good idea to show off. a man who w
cliff at year's end. it would raise the eligibility for medicare lower. but the plan would keep all bush-era tax cuts in place, including those for the wealthy. the president says that is a deal-breaker. >>> and the editor in chief at "vogue" magazine could become a top debit. bloomberg reporting that president obama may nominate anna wintour, as the next ambassador to either britain or france. she was among the president's top campaign fund-raisers. >>> and this...
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Dec 30, 2012
12/12
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KGO
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we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect. president obama is urging democrats and republicans to reach a deal. senate leaders are working on a last-minute compromise. that could be voted on tomorrow. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say four other adults including the parents of those children managed to escape the cause of that accident is under investigation. >>> and stunning video of a plane crash outside of moscow, russia, the passenger plane overshot the runway and slammed into a highway yesterday. amazing video. four of the eight crew members on board were killed. there were no passengers on the plane and no one on the highway was hurt. the cause of that crash is under investigation. >>> and finally, a celebration at the vatican. about 40,000 young pilgrims from all across europe attende
we begin with that fiscal cliff hanger in washington, d.c. there are now just two days left until automatic tax hikes and severe budget cuts go into effect. president obama is urging democrats and republicans to reach a deal. senate leaders are working on a last-minute compromise. that could be voted on tomorrow. >>> a horrific accident in mississippi. six people including five children were killed when their suv plunged into a creek yesterday. the children were all related. police say...
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. >> is a deal still possible on the fiscal cliff? does either side have a viable fallback? what will this brinksmanship
. >> is a deal still possible on the fiscal cliff? does either side have a viable fallback? what will this brinksmanship
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Dec 26, 2012
12/12
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WMAR
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and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. lawmakers are expressing little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a major u.s. base in eastern afghanistan. three afghans, including a guard at camp chatman were killed in today's explosion. >>> back here at home, former major league baseball player andruw jones is free on bail this morning. he was arrested near atlanta early christmas morning on a battery charge, after police responded to a call about a domestic dispute with his wife. >>> and netflix, they are apologizing for a christmas outage in its video streaming service. it happened on christmas, a little untimely. it took ten hours to resolve the problem, which affected subscribers across the country. the company
and they can try once again to negotiate a deal to avoid the fiscal cliff by the end of the year. just about every american family will see their taxes increase on january 1 unless a deal is reached. lawmakers are expressing little optimism so far. meantime, the president spent christmas in hawaii, visiting a local marine base, thanking more than 100 troops and their families for their service. >>> and this morning, the taliban is claiming responsibility for a suicide bombing at a...
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Dec 30, 2012
12/12
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WJLA
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eye 67
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cuts of the fiscal cliff. cry from a grand bargain that democrats and republicans were hopeful about. will playe redskins tonight. the redskins can still get in with a loss, but they will need help in the early game. how many layers of burgundy and gold will you need to wear? dave is standing by. bulk if you are going out there. the few women snow showers from yesterday's storm. in the sunshine. 33 at dulles. we have windchill values in the 20's. l be a chilly day from to end.g our high temperatures will be .0's 2 40's about 33 degrees. the winds will start to subside in the overnight hours. lots of layers of burgundy and gold. of the year, seasonally cool. 42-46. may be a mix of rain and snow. thereafter, keep that lead burgundy.
cuts of the fiscal cliff. cry from a grand bargain that democrats and republicans were hopeful about. will playe redskins tonight. the redskins can still get in with a loss, but they will need help in the early game. how many layers of burgundy and gold will you need to wear? dave is standing by. bulk if you are going out there. the few women snow showers from yesterday's storm. in the sunshine. 33 at dulles. we have windchill values in the 20's. l be a chilly day from to end.g our high...
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Nov 25, 2012
11/12
by
KGO
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eye 252
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to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the president has signaled is favorite to be ambassador susan rice and faced opposition in the senate and house. this week, 97 house republicans signed a letter telling the president don't appoint susan rice. she came out this week and defended herself and the president indicated he would like to pick her although he said he didn't make a final decision. i believe if he went for it despite the controversy over what happened in benghazi he would get her through. the leading candidate for treasury is probably the white house chief of staff jack lew. although that might not be announced until after the fiscal cliff negot
to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the...
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Dec 9, 2012
12/12
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WMAR
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. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going m mano e mano in negotiations. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> it's hard to know. but they're not really talking right now. that's what's most incredible. you pointed out that there were speeches all week long. lot of ads on television. less than an hour of actual negotiating. one phone call between to president obama and house speaker boehner. democrats say they're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and then say what they want in return. in terms of spending cuts for those higher tax rates. the republicans say they aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could be the well that is getting poisoned right now, as positions are going to harden but with all of these negotiations they sometimes look most dire before th
. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going m mano e mano in negotiations. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> it's hard to know. but they're not really talking right now. that's what's most incredible. you pointed out that there were speeches all week long. lot of ads on television. less than an hour of actual negotiating....
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Nov 16, 2012
11/12
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KGO
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president obama has his first face-to-face meeting with congressional leaders over the fiscal cliff hitting january 1st. everyone's taxes set to go up if they can't reach a deal to reduce the deficit. let's go to abc's jonathan karl for more on that. >> reporter: there's not much time left. as one senior white house official told me, this has to be a real start to this meeting. there's no time for photo ops or show meetings. i'm told the president is going to kick things off with a public statement, reiterating his firm position that tax rates on the wealthiest 2% must go up. he will not waiver on that, even as he wants to cut taxes or extend tax cuts for everybody else. that would appear to put him on a collision course with republicans who said raising tax rates on anybody is unacceptable. so, george, potential collision course. but i've got to tell you, both sides are saying they believe something can and must be worked out. >> but to be clear, working things out, the bottom line is wealthier are going to pay more one way or the other. >> reporter: that's absolutely the case. even republ
president obama has his first face-to-face meeting with congressional leaders over the fiscal cliff hitting january 1st. everyone's taxes set to go up if they can't reach a deal to reduce the deficit. let's go to abc's jonathan karl for more on that. >> reporter: there's not much time left. as one senior white house official told me, this has to be a real start to this meeting. there's no time for photo ops or show meetings. i'm told the president is going to kick things off with a public...
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Nov 9, 2012
11/12
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WMAR
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. >>> now, to the looming fiscal cliff. everyone's taxes go up on new year's day if no deal is reached. and diane sawyer got an exclusive look at where republicans stand from house speaker john boehner yesterday. jon karl has more of that from washington. good morning, jon. >> reporter: good morning, george. the speaker of the house told diane he is confident he can strike a deal with the president. but he also took a hard the central issue dividing them, tax increases. >> i've made it clear to the president, and i think i said, laid out yesterday, that raising taxes on small business people is the wrong prescription, given where our economy is. >> reporter: but raising taxes on the wealthy was a central issue of president obama's campaign. he talked about it in every, single campaign speech. >> the wealthiest americans got tax cuts. tax cuts. try a tax cut. another trillion dollar tax cut that favors the wealthy. >> reporter: in her exclusive interview thursday, diane sawyer pressed the speaker on that. >> 60% of the voter
. >>> now, to the looming fiscal cliff. everyone's taxes go up on new year's day if no deal is reached. and diane sawyer got an exclusive look at where republicans stand from house speaker john boehner yesterday. jon karl has more of that from washington. good morning, jon. >> reporter: good morning, george. the speaker of the house told diane he is confident he can strike a deal with the president. but he also took a hard the central issue dividing them, tax increases. >>...
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Nov 29, 2012
11/12
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KGO
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eye 544
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signs, perhaps, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today, president obama is hosting mitt romney at the white house for a private lunch. after the election, the president promised to reach out to romney for his ideas. >>> and overseas, the u.s. could be getting more involved in the civil war in syria. "the new york times" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the
signs, perhaps, of a potential compromise there to avoid the so called fiscal cliff that would raise taxes on a typical american family by some $2,200. republican congressman tom cole, of oklahoma, is urging republicans to accept president obama's deal and allow the bush-era tax cuts on the wealthy to expire for now. so tax cuts for the middle class can stay in effect. but house speaker john boehner remains opposed, saying a tax hike on the wealthy will hurt the economy. >>> today,...
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Dec 28, 2012
12/12
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KGO
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cliff in washington. president obama has called the top congressional leaders to the white house this afternoon, for the first talks in more than a month. but hope for a new deal is fading. just yesterday, the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling us, snow is falling across the upper midwest and will be moving into the northeast tomorrow. meantime, the recovery from the last storm is just beginning. 135,000 homes and businesses still without power in arkansas alone. many of them could be in the dark through next week. >>> and this morning, russian president vladimir putin has signed a highly controversial bill which bans americans from adopting russian children. dozens of pending adoptions now frozen, even cases where children -- this is heartbreakin
cliff in washington. president obama has called the top congressional leaders to the white house this afternoon, for the first talks in more than a month. but hope for a new deal is fading. just yesterday, the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam...
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Nov 30, 2012
11/12
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KGO
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. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult leadership. >> i don't understand his brain. so, you should ask him. okay? >> tough words there. abc's jon karl is covering this all from capitol hill. jon, as we said, senate republican leader mitch mcconnell says he laughed out loud at geithner's offer. break down the offer from the white house and the republican objections. >> reporter: not only did he laugh out loud, the speaker saying it's unrealistic. the key is $1.6 trillion in tax increases over the next ten years. $50 billion in additional stimulus spending. $400 billion in medicare cuts. but unspecified over the ne
. >>> now, the stalemate in washington over the fiscal cliff. everyone's taxes are set to go up in just over a month if congress and the white house fail to reach a deal. and the talks blew up yesterday, after republicans dismissed the latest offer from secretary tim geithner. just listen to house speaker john boehner and senate majority leader, harry reid. >> listen this is not a game. jobs are on the line. the american economy is on the line. and this is a moment for adult...
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Nov 15, 2012
11/12
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WJLA
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eye 237
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cliff. holding his first news conference since winning re-election, the president took a hard line on his bottom line. there will be no budget deal without raising taxes on the wealthy. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to $1 trillion. >> reporter: in his previous efforts to strike a so-called grand bargain with speaker of the house john boehner, the president proposed $800 billion in new tax revenues. but now, he is seeking twice that. $1.6 trillion in new taxes over the next ten years. that's a bitter pill for republicans to swallow. speaker boehner has called raising tax rates on anybody unacceptable. but he hasn't ruled out limiting deductions and closing loopholes. and that could be the outline of a possible deal. >> look at what the president had to say. look closer at what i had to say. there's no barriers here to sitting down and beginning to work through this process. >> reporte
cliff. holding his first news conference since winning re-election, the president took a hard line on his bottom line. there will be no budget deal without raising taxes on the wealthy. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to $1 trillion. >> reporter: in his previous efforts to strike a so-called grand bargain with speaker of the house john boehner, the president proposed $800...
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. >>> we're turning to the high stakes stalemate some washington over the fiscal cliff. everyone's taxes go up. massive spending cuts take hold in just 29 days if the white house and congress can't reach a deal. and they are barely talking right now. abc's jon karl has the latest. good morning, jon. >> reporter: good morning, george. with less than a month to go, the two sides are as far apart as they have ever been. overnight, the president released a new campaign-style video aimed squarely at republicans. >> we need to get tax relief to working families. >> reporter: this morning, about the only thing that the two sides agree on is that going over the so-called fiscal cliff would be a big blow to the economy. >> it would be very damaging to average americans. there's no doubt about it. >> going over the cliff will hurt our economy, will hurt our job creation in our country. it's not fair to the american people. >> reporter: without a deal to cut the deficit, almost everybody's income taxes will go up january 1st. it's more than that. there will be automatic cuts to def
. >>> we're turning to the high stakes stalemate some washington over the fiscal cliff. everyone's taxes go up. massive spending cuts take hold in just 29 days if the white house and congress can't reach a deal. and they are barely talking right now. abc's jon karl has the latest. good morning, jon. >> reporter: good morning, george. with less than a month to go, the two sides are as far apart as they have ever been. overnight, the president released a new campaign-style video...